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U.S. China News 2011.11.22

Tue, November 22, 2011

China promises clean energy access: US envoy
Christian Science Monitor
The top Chinese envoy, Vice Premier Wang Qishan, “said there would be significant opportunities to Chinese and US and other foreign companies,” Bryson said. That pledge also covers high-end equipment manufacturing, energy-saving and environmental
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South China Sea Tensions Overshadow New US Military Engagement
Voice of America
Carden said Washington is only playing a supportive role to ASEAN’s longstanding leadership in negotiating a code of conduct with China. Related Articles US, China Discuss South China Sea on Final Day of Bali Summit Obama, Wen meet as leaders attending
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China Blasts US for Failure to Cut Debt
Voice of America (blog)
Chinese state media are attacking the US government for failing to resolve what it says is the “ticking debt bomb” in the world’s largest economy. The Xinhua news agency blasted the United States Tuesday for the collapse of a US congressional
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Chinese state media says US ignoring “debt bomb”
Reuters
BEIJING (Reuters) – The United States has ignored a “ticking debt bomb” in admitting defeat in reining in the country’s ballooning debt, Chinese state media said Tuesday, criticizing US legislators for neglecting their duty to the world.
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US diplomat tells China to act responsibly in Africa
AFP
JOHANNESBURG — The top US diplomat for Africa said Tuesday that China should act responsibly on the continent as it buys up African oil, gas and minerals to fuel its booming economy. Speaking after his return from USChina talks on Africa,
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China Online Retail May Surpass U.S. in Four Years, Boston Consulting Says
Bloomberg
Photographer: Nelson Ching/Bloomberg China’s Internet retailing market may overtake the US as the world’s largest with transactions valued at more than 2 trillion yuan ($314 billion) in 2015, according to Boston Consulting Group Inc. E-commerce sales
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U.S.China solar trade controversy comes to Charlotte
Examiner.com
However, recent issues surrounding the recent bankruptcy of Solyndra, the US economy and national debt has put into question the future of government support of solar development. This USChina solar trade controversy also comes at what is a sensitive
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Three-way USChina drills possible: Australia
AFP
SYDNEY — Defence Minister Stephen Smith Tuesday said Canberra would seriously consider trilateral military training with the United States and China following the announcement of a US troop buildup in Darwin. Smith said the move was suggested by
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China Tragedy Reminds of US Successes, Work Still to Be Done
School Transportation News
Days before student transporters in the United States prepare their turkeys for Thanksgiving, dozens of parents in China’s Gansu province are mourning the loss of their children and asking some serious questions. It appalled anyone who has read
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China PV Installations Forecast to Surpass Both the US and Japanese Markets in
San Francisco Chronicle (press release)
China is projected to account for 45% of regional demand in Q4’11 and is on course to surpass both the US and Japanese market sizes in 2011. Elsewhere, regional demand is being driven by national incentive programs in India, while Japan is also growing
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Kirk, Bryson, Vilsack on USChina Trade, IP Rights
Washington Post
22 (Bloomberg) — US Trade Representative Ron Kirk, Secretary of Commerce John Bryson and Agriculture Secretary Tom Vilsack talk about the outlook for USChina economic relations after the 22nd Joint Commission on Commerce and Trade meeting between the
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Solar Stocks Fall on Forecasts for Net Losses: China Overnight
BusinessWeek
22 (Bloomberg) — Chinese stocks in the US sank for a fourth day as increased bets against solar stocks helped drag down prices before third-quarter earnings reports this week that analysts forecast will show net losses. The Bloomberg ChinaUS 55 Index
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Short-seller report batters China’s Focus Media
Reuters
O), a US-listed Chinese company, said a short-seller’s report accusing it of overstating its assets was “completely untrue,” and it would make a statement refuting the allegations before US markets open on Tuesday. Influential short-selling firm Muddy
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Senator seeks discipline for Chinese auditors
WNEP-TV
A meeting planned for October between the US and Chinese regulators was canceled by the Chinese. In speaking with reporters earlier this month, Doty said the PCAOB is struggling over whether or not it should revoke the registration of China-based
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Koreas, India & Pakistan, US-Russia team up for table tennis in Qatar
Washington Post
However, there are lingering suspicions between the US and China over the latter’s growing economic clout. But relations between the two world powers have improved markedly from 40 years ago when “pingpong diplomacy” was first used.
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China stocks close lower on US deficit woes
People’s Daily Online
22 (Xinhua) — Chinese stocks closed slightly lower on Tuesday, with the ongoing debt crises in the United State and Europe continuing to erode investor confidence. The benchmark Shanghai Composite Index dropped 2.51 points, or 0.1 percent,
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DPP candidate Tsai Ing-wen tells American Chamber of Commerce Taiwan should
eTaiwan News
Both President Ma and Tsai gave speeches to the assembly in Taipei outlining their policies regarding trade, the US and China, but the organizers kept the two opponents in the January 14 presidential election from meeting each other.
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Hong Kong Stocks Advance After S&P Reaffirms US Rating
BusinessWeek
The Hang Seng Index tumbled 21 percent this year through yesterday amid concern Europe’s debt crisis and a slowdown in the US and China will hinder a global economic recovery. Companies in the index traded at 9.9 times estimated earnings,
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China Could Post First Trade Deficit In Two Decades In 2012 As Demand Slumps
Huffington Post
The massive trade surplus has long been a source of friction with the United States and China’s other major trading partners, many of whom complain that Beijing keeps its yuan currency undervalued to boost exports. But US trade and employment problems
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China tells US to avoid politicizing investment
Newsday
Click here China tells US to avoid politicizing investment Originally published: November 18, 2011 3:32 AM Updated: November 18, 2011 10:00 AM By The Associated Press (AP) — China appealed to Washington on Friday to avoid politicizing investment after
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China Yuan Steady Late On Export Settlements; Offshore Yuan Weakens
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan was steady against the US dollar late Tuesday on the back of export settlements and as the greenback retreated slightly against the euro. On the over-the-counter market, the dollar was at CNY6.3608 around 0830 GMT,
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China’s Cosco seeks to invest in U.S. ports
MarketWatch
By Joanne Chiu HONG KONG -(MarketWatch)- China Ocean Shipping (Group) Co. Chairman Wei Jiafu said Tuesday the group is interested in investing in ports in the US, amid the global shipping industry downturn. Wei, who is also chairman of state-owned
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Op-Ed: China, the new, improved bogeyman for US election escapism
DigitalJournal.com
Taiwan, for example, is an area where Chinese and American pseudo- military talkfests bloom like used toilet paper. Taiwanese business is currently supplying a million assembly line robots to deal with the issues related to the hideous 19th century
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Climate talks: US optimism, but sees no binding deal
AFP
Europe says it can accept a continuation, provided China and the United States show they are serious about major cuts in the coming years. “We have worked very constructively with the Chinese… all major parties have taken steps together,” Stern said.
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Arab Public Ranks China, Turkey, Iran’s Ahmadinejad Ahead of U.S., Obama Iran
U.S. News & World Report
China, Germany, Russia, and France rank ahead of the United States as the most preferable international superpowers. And among world leaders, President Obama ranks near the bottom, below leaders like Turkish Prime Minister Recep Erdogan—the regional
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China’s Tales I Win Heads You Lose Economic Strategy Plays
Economic Populist
Foreign-invested enterprises were responsible for 55 percent of China’s exports and 68 percent of its trade surplus in 2010. On the other hand, China’s US investments have increased 100% from 2009 to 2010. Yet many are saying China is acquiring US
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World Bank: China faces Europe risk, soft landing possible
Reuters
Still, deleveraging is unlikely to match the scale of the US property market as Chinese households tend to put more money down in advance and have smaller mortgages, according to the report. A recent World Bank study with the International Monetary
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Official: US Needs Europe’s Help on Patent Protection
Wall Street Journal
By FRANCES ROBINSON BRUSSELS—US companies are encountering “serious difficulties” when trying to enforce their patents in China, the White House’s intellectual-property czar said Tuesday, calling for the US and the European Union to work together to
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Survey: Chinese Applicants to US Colleges Need English Lessons, Not Financial
China Digital Times
The survey results, however, offer some welcome news to American institutions, as they suggest that a sizable share of students from the largest source country—there are more than 157550 Chinese students at American colleges, according to recent
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Oil Gains First Day in Four as US Expands Sanctions on Iran
BusinessWeek
22 (Bloomberg) — Oil rose for the first time in four days as new sanctions against Iran raised concern that supplies may be disrupted, while affirmations of US credit ratings and economic growth forecasts for China signaled continuing demand growth in
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Chinese inflation won’t help NS
TheChronicleHerald.ca
A shopper buys the vegetable from a vender at a street shop in Shanghai, China, on Nov. 10. China’s stubbornly high inflation fell in October, giving Beijing room to stimulate the world’s No. 2 economy amid weak US and European growth.
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Intel Committee launches probe into security threats by China
Examiner.com
In the United States, the FBI is suspicious of Russia, Iran, and North Korea but have focused mostly on the Chinese. The feds estimate that there are over 2600 Chinese front companies in the US The almost legendary MI5 British counterintelligence
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China Identified as a Threat by the Next Generation of American Leaders; US
MarketWatch (press release)
It reveals the opinions of young Americans on issues such as US debt and indebtedness to China, a variety of economic challenges, and domestic concerns. Seventy-six percent of young American adults view China as either an economic or a military threat.
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Nationwide Effort to Buy American This Holiday Season
Patch.com
Richard Tso, executive director of TAP American and himself a first generation Chinese American, said they realize it will not be an easy task. “Today most all electronic, clothing and textile goods are manufactured in China and popular American
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The United States of Apathy
CNN
In fact, if we don’t get our act together, I can almost picture China giving America this Big Lebowski (the real Mr. Lebowski, not The Dude) lecture about our bad financial behavior: “Since you have failed to achieve, even in the modest task that was
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Soybeans May Open Higher on China Demand; Corn, Wheat Futures Seen Steady
Bloomberg
and egg report 4 pm API US petroleum inventories TOP COMMODITY STORIES: -World Food Demand to Double by 2050, Minnesota Researchers Say -Soybeans May Gain to $12.50, Corn to Rally, Hermes Says -Soybean Imports by China May Rise to 60 Million Tons,
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Bring US military in line with new reality
CNN (blog)
Editor’s note: Jon Huntsman, former governor of Utah and US ambassador to China, is a candidate for the Republican nomination for president. (Republican presidential candidates take on national defense, the economy, international relations and
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China Stocks’ Downturn Hard on Exporters
Equities.com
China stocks continued to struggle Tuesday as European and US leaders made no progress to solving their debt and economic problems. Those problems help make the export-oriented sector of China stocks one of the most vulnerable.
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Asian Stocks Fall for Sixth Day After U.S. Debt-Cutting Failure
San Francisco Chronicle
James Hardie Industries SE, a building-materials supplier that gets 68 percent of sales from the US, fell 2.1 percent. China Resources Land Ltd., a state-controlled developer, declined 3.3 percent amid concern property sales are slowing.
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Copper Advances on China Demand Speculation: LME Preview
BusinessWeek
22 (Bloomberg) — Copper climbed for the first time in four days amid speculation recent price drops were excessive as data showed imports by China, the world’s biggest consumer, jumped last month. — European and US equity futures rose,
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US, Global Indexes Rise; HP Net Slumps 91%
123Jump.com
8:35 AM New York – US stock futures and global indexes gained after ratings agencies left the US debt rating unrevised. World Bank increased its 2011 growth forecast for China. Pfizer agreed to acquire Excaliard and Medtronic quarterly net surged 54%.
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Financial ETF Roundup: Ex-US Edition
ETF Database
Emerging markets financial firms are, in many cases, quite different from their US peers. These companies still are positioned to benefit from a rapidly growing customer base, as ongoing urbanization in China, India, and other developing economies is
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West Coast lumber exports surge in 2011, thanks largely to China
Longview Daily News
Port officials say Chinese demand is driving the increase. Zhou said that rising Russian timber export tariffs and decreasing US domestic demand have increased China’s demand for US logs and wood products. Timber industry consultant Dick Woods of
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